Kansas Statutes Annotated

K.S.A. § 17-1256 (2026)

✓ current as of May 2026
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17-1256.

History: L. 1957, ch. 145, § 5; Repealed, L. 1997, ch. 62, § 14; July 1.

CASE ANNOTATIONS

1. Cited; directors' strict liability to purchasers of unregistered securities sold in violation of K.S.A. 17-1268 noted; must prove absence of knowledge. Taylor v. Perdition Minerals Group, Ltd., 244 Kan. 126, 129, 766 P.2d 805 (1988).


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Notes of Decisions
Cited in 3 cases, 1988–2006 · leading case: State Ex Rel. Mays v. Ridenhour, 811 P.2d 1220 (Kan. 1991).
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State Ex Rel. Mays v. Ridenhour, 811 P.2d 1220 (Kan. 1991). “17-1255, which provides: “It is unlawful for any person to offer or sell any security in this state, except securities exempt under K.S.”
Klein v. Oppenheimer & Co., 130 P.3d 569 (Kan. 2006). “The Act generally accomphshes its purpose by requiring registration of securities, K.S.A. 17-1256, K.S.A. 17-1257, and K.S.A.”
Taylor v. Perdition Minerals Grp., Ltd., 766 P.2d 805 (Kan. 1988). “The 400,000 shares of stock of Perdition purchased by the Taylors were never registered in accordance with K.S.A. 17-1256, -1257, or -1258. The sale of these 400,000 shares of stock of Perdition was not the sale of an exempt security under K.”
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